10th Class Social Chapter wise Important bit bank in English

10. Globalization

1. Globalization is phenomenon which started at the end of __________________

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( 20th century )

2. Rapid interaction between the countries is called ______________.

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( globalization )

3. Removal of dictators in Tunisia and Egypt is called __________

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( Arab Spring )

4. Expand MNC ____________.

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( Multi National Company )

5. Company that owns or controls the production in more than one nation is called __________.

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( Multinational Company )

6. The criteria for selecting a site for operations of MNC __________.

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( proximity of markets, availability o of labor, favourable government policies )

7. The money that MNCs spends to buy assets such as land, building, machines etc., is called ______.

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( foreign investment )

8. Cargil Foods is MNC of this country __________.

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( USA )

9. The largest producer of edible oil in India ______________

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( Cargil Foods )

10. Ford Motors is a MNC of this country ________.

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( USA )

11. In 1995, Ford Motors set up a large company at ________

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( Chennai )

12. In India, Ford Motors collaborated with this Indian company ______.

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( Mahindra and Mahindra )

13. Major factor that stipulated the globalization process is ________

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( improvement of technology )

14. The main channel connecting between countries ____________

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( Foreign trade )

15. Tax on imports is an example of __________

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( trade barrier )

16. Removal of all barriers on foreign trade and foreign investment is called ____________________

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( Economic liberalization )

17. Economic liberalization started in the year __________

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( 1991 )

18. These countries has benefited more with globalization ____________.

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( Developed countries )

19. Expand WTO ____________

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( World Trade Organisation )

20. The aim of the WTO __________.

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( to liberalize international trade )
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